This website uses cookies to ensure you have the best experience. Learn more

It’s Time To Start Palm Oil Extraction Business In Africa

710 words - 3 pages

Palm oil is a common cooking ingredient in the tropical belt of Africa, Southeast Asia and parts of Brazil. Its use in the commercial food industry in other parts of the world is buoyed by its lower cost and by the high oxidative stability (saturation) of the refined product when used for frying. PALM OIL EXTRACTION business is a mega millions business for making most money.
Do you know that you can make N200,000 and above daily even as a medium scale producer? Are you aware that palm kernel oil product is one of the few product you can sell right at the point of production, without necessarily needing to take it to the market?

Depending on your financial capacity, It can be run in a small, medium and large scale. You may be wondering but where can one get palm kernel in large quantity? It is produced in hundreds of thousands tones in the Eastern part of Nigeria annually. All you need to do is to go set up this business around the east or ...view middle of the document...

PKC - Palm Kernel Cake. This another product that is being derived from the palm kernel extraction process and it makes up good percentage of the palm kernel produce.

According to a reliable statistic, it is believed that in every 25 metric tons of good palm kernel nut one is expected to get 10 metric tons of Palm Kernel Oil (PKO) and another 13.5 metric tons of Palm Kernel Cake (PKC) as pure products. Below is how they are sold:

http://www.oil-processing.com/

Palm Kernel Cake sold for N100,000 per tonne. The Palm Kernel Oil itself is sold for N120,000 Naira per tonne. While the Sludge goes for N100,000 Naira per tonne.

The cost of palm kernel is 80,000 Naira per tonne. You will require about ten tones to be able to extract five tone of the oils I've mentions. Ten tone will then cost N800,000. This will comfortably produce five tonnes of oil that will sells for N600,000.

Remember that it will also produce about four tonnes of cake sells for N400,000 while a ton of sludge sells for N100,000. Giving you a total N1,100,000.

When you subtract the cost of the raw material (palm kernel) which is N800,000. You will be left withN300,000 Naira as gross profit on ten tons of palm kernel processed per day.

In a week, you will be making a whooping sum of N300,000 X 6 = ₦1,800,000

Take time and digest this, by tomorrow I will bring you the detail procedure of setting up and production.

China Win Tone Machinery Manufacture Co., Ltd. was established in 1995. It owns total assets of 8,876,800USD with 460 staff including 53 professional technicians and 21 engineers. The company has a new modern standard workshop of 96,000 ㎡, which owns first class coarse grain and oil processing and manufacturing equipments as well as a national technology research and development center. Win Tone Machinery is a large-scale oil mill machinery manufacture integrating R & D, design, manufacture and installation.
We can produce palm oil processing lines to customers with good quality and competitive price. More information about Palm Oil Extraction please click the follow link:

http://www.oil-processing.com/

Other Essays Like It’s Time to Start Palm Oil Extraction Business in Africa

It’s Time for Customers to Mind their Manners

1360 words - 6 pages It’s Time for Customers to Mind their Manners I am writing to you, my fellow citizens of Smallville, as plea for you to start using your manners when dining out. I have been in the restaurant business for the past four years. Currently, I am a waitress at a Smallville bar and grill. I have to say that I am surprised at the way I am treated while at work. Never before have I experienced such blatant disrespect in my workplace. I have

Multinational Corporation Based Outside Africa Have to Become More Socially Aware When Doing Business in Sub-Saharan Africa

517 words - 3 pages {text:bookmark-start} {text:bookmark-end} *“Multinational Corporations based outside Africa have to become more ‘socially aware’ when doing business in sub-Saharan Africa*”. “From the very beginning of critical thought, we find the distinction between topics susceptible of certain knowledge and topics about which uncertain opinions are available. The dawn of this distinction, explicitly entertained, is the dawn of modern mentality. It

How to Start Ngo in Ghana

3757 words - 16 pages business in about two weeks. It takes about By Godwin Yidana and Gayle Pescud www.g-lish.org Authors of the Insider’s Travel & Living Guide to Ghana Insider’s Volunteering Guide to Ghana How to Start an NGO or Non-Profit in Ghana 11 another week to get the certificate of incorporation. Keep in mind that everything takes time in Ghana and these timelines are just guides. 2. Applying to the Department of Social Welfare NGO Status

Cultural Influence on Business in Africa

1735 words - 7 pages , shows a culture with high feminine dimension (Grzeda and Assogbavi 1999, 89.) In conclusion a survey on Masculinity and Femininity by Hofstede shows that Africa has Feminine culture, the result of the survey is as follows East Africa 41 %, West Africa (Nigeria, Ghana and Sierra Leone) 46 % while USA scored 62 % (Hofstede 2004.) (www.geert-hofstede.com). Time management: Time is a very important fact when it comes to doing business. A widely

Oil Storage Industry Outlook in North America to 2020

846 words - 4 pages “Oil Storage Industry Outlook in North America to 2020 – Capacity and Capital Expenditure Forecasts with Details of All Operating and Planned Terminals Summary “”Oil Storage Industry Outlook in North America to 2020 – Capacity and Capital Expenditure Forecasts with Details of All Operating and Planned Terminals”” is a comprehensive report providing information on storage terminals that store crude oil, petroleum products or

"The Boys Start Splendidly. But then cracks begin to appear in their society" Discuss

567 words - 3 pages their rescue. However the order and civilization on the island starts to descend into chaos and disorder as the conflicting values between Ralph and Jack start to arise.Ralph is the main representative of the order and civilisation, and keeps the group of boys in touch with civilisation by steering the boy’s efforts towards being rescued. It is up until the conflicting values between Ralph and Jack that the chaos and the loss of innocence

The Issues with Individuals in Society Having the Responsibility to Pay for Insurance That Covers the Cost of Contraceptives When It’s Against the Individual’s Personal or Religious Beliefs

3007 words - 13 pages Sarah Kate Powell Health 2030- Section 002 Lee Crandall 19 November 2015 The Issues With Individuals In Society Having The Responsibility To Pay For Insurance That Covers The Cost of Contraceptives When It’s Against The Individual’s Personal Or Religious Beliefs Introduction: The term “ethics” can be derived from the Greek term ethos that means habit, custom, disposition or character. Ethics is defined as “a system of moral principals

Legitimacy Theory and Impression Management in Response to the Gulf of Mexico Oil Spill at Bp Plc

1341 words - 6 pages in America. Except the direct cost, it will also attack people’s life, such as air and water safe. At the same time, it is a huge disaster for seaside animals. (Xinhua News Agency) reports that the United States Coast guard, government agencies, local residents and BP are trying to prevent further deterioration. This event causes a deep effort for surround regions. Obama (2011) says that America will face a huge finance crisis. 2.2 Data

To What Extent Was the British Commitment of Massive Resources to the Campaign in North Africa and the Mediterranean, in the Years 1940 to 1944, a Strategic Mistake?

931 words - 4 pages Mediterranean campaign, whilst not perfect and had many flaws, was far from a strategic mistake. Firstly, there are valid reasons for the land based battle of North Africa and may show to be a strategic mistake not to enter North Africa. The Suez Canal and middle eastern oil fields needed protecting from the Germans and Italians, and by controlling the North, Britain would be protecting its assets in shipping and trade. Britain also needed to

To What Extent Were Colonial Pressures Primarily Responsible for British Withdrawal from West Africa in the Years (1957-65)?

1328 words - 6 pages because of Africa’s monetary instability. With inflation becoming more and more of a present issue in Africa, it was clear that the war-time commodity boom was well and truly over. Britain was in serious bankruptcy because of the WW2 and maintaining British colonies abroad was simply too much financial effort. Britain had to shift its economic focus onto more realistic target such as Europe as whole, whilst also encompassing the element of trying to

Declining Infant Mortality Rates and Strengthening Economies to Give Baby Diaper Sales in East Africa a Fillip, States Tmr

708 words - 3 pages Markets for baby diapers in most countries across East Africa are consolidated, with companies such as Procter and Gamble, Kimberly Clark, and Unicharm Corporation accounting for a large share in the markets’ revenues, states TMR in a new report. In Kenya, the largest contributor to the East Africa baby diapers market in terms of revenues, Procter and Gamble, held a share of 22% in 2015. Product cost being a key determinant of growth in the East

Related Papers

Firstly Start Your Oil Extraction Machine Business

583 words - 3 pages collaboration with large vegetable oil extraction companies, such as the American Vegetable oil. Today we share an in-depth guide on how to start an Oil extraction machine business. That may bring you a lot of help for starting an Oil extraction machine business. 1. Learn more about the Oil extraction machine business You will need to conduct extensive research on what a Oil extraction machine business requires in terms of capital

Business Environment: Palm Oil In Indonesia

2103 words - 9 pages Guineensis Jacq.) is said to have originated in West Africa, somewhere between Angola and Senegal. The earliest archaeological evidence of palm oil has been found in an Egyptian Tomb in Abydos. These two facts point to two inferences. One, that palm oil production was happening even 5000 years ago. Secondly, as no palm oil was produced in Egypt, this means that Palm Oil trading also was prevalent at that time. Thus, Palm Oil has been used by

Forecasting Palm Oil Production In Malaysia

450 words - 2 pages . They must evaluate what its needs are and choose the one that best fits its needs. The evaluation must include cost, time, and the type of business being run. Forecasting sales or demands demand properly can lead to money and time saved on the job. If the proper forecasting is done it can lead to the company prospering and even expanding to new heights.PROBLEM DEFINITION3.1To gain knowledge of forecasting techniques and their application in

A Feasibiity Study Of Establishing African Oil Palm Farming In General Santos City Chapter 1

1890 words - 8 pages a new business opportunity for General Santos City and other interested individuals. Furthermore, this leads the researchers to the formulation of their general and specific objectives. 1.2 Statement of the Problem and Objectives of the Study This study aims to test the feasibility African Oil Palm Farming in General Santos City. Specifically, this study aims to accomplish the following objectives: 1. Determine the economic importance